Insurance quote for Toyota Prius in Colorado SpringsHaving to pay for overpriced Toyota Prius insurance in Colorado Springs can overdraw your funds and require stricter spending habits.

Remarkably, a study showed that most auto insurance policyholders in Colorado kept buying from the same company for more than four years, and roughly 40% of drivers have never even compared quotes to find cheap rates. With the average premium in the U.S. being $1,847, drivers can save 46.5% each year by just comparing rate quotes, but they don't know the big savings they would realize if they swap their current policy for a cheaper one. Due to the fact that there are so many options for buying lower-cost insurance for a Toyota Prius in Colorado Springs, it is hard for the average consumer to pick the right insurance company.

Smart consumers take time to take a look at other company's rates before your policy renews since rates change frequently. Even if you got the best rate on Toyota Prius insurance in Colorado Springs a few years ago there is a good chance you can find better prices now. Block out anything you think you know about auto insurance because I'm going to let you in on the secrets to the only way to eliminate unnecessary coverages and save money on Toyota Prius insurance in Colorado Springs.

Finding affordable insurance coverage in Colorado Springs seems hard but is not really that difficult. If you have insurance now, you will surely be able to get lower rates using the ideas you're about to read. Smart buyers only need to know the tricks to compare rate quotes on the web.

Best Toyota Prius insurance price quotes in Colorado

The companies in the list below have been selected to offer free quotes in Colorado Springs, CO. If multiple companies are listed, we suggest you visit several of them to get a more complete price comparison.

Toyota Prius Insurance Price Estimates in Colorado Springs, CO
Model Comp Collision Liability Medical UM/UIM Annual Premium Monthly Premium
Prius $310 $502 $308 $18 $92 $1,230 $103
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Above prices assume married male driver age 40, no speeding tickets, no at-fault accidents, $100 deductibles, and Colorado minimum liability limits. Discounts applied include homeowner, safe-driver, multi-vehicle, claim-free, and multi-policy. Estimates do not factor in specific location which can alter rates noticeably.

Can higher deductibles save money?

The diagram below demonstrates how deductible levels and can impact Toyota Prius yearly insurance costs for different categories of driver ages. The rates are based on a married male driver, full physical damage coverage, and no discounts are applied.

Difference between liability only and full coverage rates

The information below shows the difference between Toyota Prius auto insurance rates with full coverage and liability only. The information is based on no accidents, no driving violations, $500 deductibles, single female driver, and no additional discounts are factored in.

Guidelines for eliminating full coverage

There is no exact formula that works best for making the decision to drop full coverage on your policy, but there is a guideline you can consider. If the annual cost of comprehensive and collision coverage is more than about 10% of the vehicle's replacement cost less your deductible, then it might be time to buy liability only.

For example, let's say your Toyota Prius replacement value is $3,000 and you have $1,000 deductibles. If your vehicle is totaled in an accident, the most you would receive is $2,000 after you pay the deductible. If it's costing in excess of $200 a year for full coverage, then you may need to consider dropping full coverage.

There are some cases where eliminating full coverage is not a good idea. If you still have a lienholder on your title, you are required to maintain full coverage in order to keep the loan. Also, if your emergency fund is not enough to purchase a different vehicle in the even your car is totaled, you should keep full coverage.

Verify you're earning every discount

Car insurance is not cheap, but you may be missing some discounts to reduce the price significantly. Most are applied when you quote, but a few must be specially asked for before being credited. If you check and find you aren't receiving every discount available, it's possible you qualify for a lower rate.Car insurance discounts

One last thing about discounts, most discount credits are not given to the entire cost. A few only apply to the cost of specific coverages such as collision or personal injury protection. So even though they make it sound like having all the discounts means you get insurance for free, insurance companies wouldn't stay in business.

If you would like to see a list of providers that offer the discounts shown above in Colorado Springs, click here to view.

Learn How to Buy Insurance More Affordably

Smart consumers have a good feel for some of the factors that are used to determine the level of your policy premiums. If you understand what influences your rates, this enables informed choices that may reward you with cheaper rates.

The items below are some of the most rate-impacting factors used by insurance companies to determine your premiums.

How to know if you need help

When selecting the right insurance coverage for your personal vehicles, there is no "perfect" insurance plan. Everyone's situation is unique and your auto insurance should be unique as well.Auto insurance savings Here are some questions about coverages that might help in determining if your situation will benefit from professional help.

If you can't answer these questions but a few of them apply, then you may want to think about talking to an insurance agent. To find an agent in your area, take a second and complete this form or go to this page to view a list of companies. It's fast, doesn't cost anything and can provide invaluable advice.

Do I need a local insurance agent?

Some people still prefer to sit down and talk to an agent and that is recommended in a lot of cases Experienced insurance agents are very good at helping people manage risk and help in the event of a claim. An additional benefit of getting online price quotes is the fact that drivers can get better rates and still have an agent to talk to.

Insurance agency in Colorado SpringsAfter completing this short form, the quote information is submitted to insurance agents in Colorado Springs that can give you free Colorado Springs car insurance quotes for your business. You don't have to contact any agents as quotes are delivered to you instantly. If you want to compare rates from a specific insurance company, feel free to jump over to their website and submit a quote form there.

Choosing the best insurer is decision based upon more than just the quoted price. Agents should be asked these questions:

If you want a reputable insurance agent or broker, you should know the different types of agents that differ in how they can insure your vehicles. Insurance agencies can be categorized as either exclusive or independent. Both can properly insure your vehicles, but it's important to know the differences since it can impact which agent you choose.

Exclusive Agents

Agents that choose to be exclusive can only provide one company's prices like AAA, Allstate, and State Farm. They are unable to give you multiple price quotes so keep that in mind. Exclusive insurance agents are very knowledgeable on their company's products which helps them sell insurance even at higher premiums.

Listed below are exclusive agents in Colorado Springs who can help you get price quote information.

3993 Academy Blvd N - Colorado Springs, CO 80917 - (719) 596-8800 - View Map

3225 Templeton Gap Rd Ste 104 - Colorado Springs, CO 80907 - (719) 636-3336 - View Map

1957 W Uintah St - Colorado Springs, CO 80904 - (719) 477-1636 - View Map

View more Colorado Springs agents

Independent Insurance Agents

Independent agents do not sell for just one brand so they have the ability to put coverage with any number of different companies and potentially find a lower price. To transfer your coverage to a different company, your policy is moved internally and the insured can keep the same agent.

If you are comparing rate quotes, you absolutely need to get insurance quotes from at a minimum one independent agency in order to have the best price comparison.

Listed below are independent insurance agents in Colorado Springs that can give you price quote information.

5155 N Academy, #110 - Colorado Springs, CO 80918 - (719) 622-3079 - View Map

2105 E Bijou St A - Colorado Springs, CO 80909 - (719) 636-3369 - View Map

1880 Dublin Blvd # C - Colorado Springs, CO 80918 - (719) 528-1555 - View Map

View more Colorado Springs agents

Is there truth in advertising?

Consumers can't avoid all the ads that claim the cheapest prices from the likes of 21st Century, Allstate and State Farm. They all say the same thing about saving some big amount if you just switch your coverage.

How do they all cost less than your current company? It's all in how they say it.

Most companies have a certain "appetite" for the type of insured that makes them money. An example of this type of risk profile could possibly be over age 30, has other policies, and drives less than 10,000 miles a year. Any driver who fits those characteristics will get low premium rates and will save when they switch companies.

Consumers who may not quite match these criteria may receive a more expensive rate which usually ends up with the customer buying from a different company. The ads say "drivers who switch" not "everyone that quotes" save that much when switching. That's why insurance companies can make those statements. This really illustrates why you really should compare quotes as often as possible. Because you never know which company will have better rates than you're paying now.

Persistence is the key to affordable rates

When trying to cut insurance costs, it's a bad idea to sacrifice coverage to reduce premiums. There have been many situations where someone dropped liability limits or collision coverage only to find out that the few dollars in savings costed them thousands. The goal is to buy enough coverage at the best cost and still be able to protect your assets.

Discount Toyota Prius insurance in Colorado Springs can be sourced both online and with local Colorado Springs insurance agents, so you need to quote Colorado Springs car insurance with both to have the best chance of lowering rates. Some insurance providers do not provide internet price quotes and these small, regional companies provide coverage only through local independent agencies.

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